Aetna quarterly profit slides on commercial medical costs
Health insurer Aetna Inc., said its profit skidded 28% in the second quarter due to higher medical expenses in its commercial business, which it expects to continue for the rest of the year. The company said it earned $346.6 million, or 77 cents per share, compared with $480.5 million, or 97 cents per share. Premium revenue grew 12 percent, and medical membership was flat at 19.1 million.
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Transforming Cancer Care
- Acute Kidney Injury Gets New Focus
- Interventional Radiology No Longer a Sub-Specialty
- Sharp HealthCare Leaves Pioneer ACO Program
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- mHealth Tackles Readmissions
- Proton Beam Therapy Poised for Growth in US
- MA an Insurance Proving Ground for Providers